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Probate & Trust Law Section Conference Manual ... - Minnesota CLE

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(b) Personal property not exceeding $10,000 value – Minn. Stat. §524.2-403(a)(i).<br />

(c) One automobile of any value – Minn. Stat. §524.2-403(a)(2).<br />

You should also pay particular attention to actions that may constitute waivers of the<br />

right to elective share. The statute recognizes that the rights endowed upon the surviving<br />

spouse may be waived partially or in whole, after marriage, by a written contract, agreement, or<br />

waiver signed by the party waiving after fair disclosure. 13<br />

Waivers can also be in the form of an antenuptial/prenuptial agreement pursuant to<br />

sections 519.11 of the <strong>Minnesota</strong> Statutes.<br />

Note: Waiver of “All Rights” or equivalent language, in the property or estate of a<br />

spouse is a waiver only of the right to elective share. Minn. Stat. § 524.2-213.<br />

If the surviving spouse is receiving medical assistance, the state is particularly interested<br />

in affording the medical assistance recipient the right to elective share even if the surviving<br />

spouse had previously waived rights either orally or by written contract. This reprieve though is<br />

not applicable to a validly executed antenuptial agreement. 14<br />

In the payment of elective share amounts, protection is given to other third parties who<br />

purchased property subject to election for value. These third parties are not liable to the<br />

surviving spouse unless, of course, they received notice of intention to file by the surviving<br />

spouse. 15<br />

6. MAKING THE ELECTION<br />

If you have decided after careful analysis that your client, the surviving spouse, should<br />

proceed with an election against the decedent’s will, you must now decide when and how to<br />

make the election.<br />

13 Minn. Stat. § 524.2-213.<br />

14 Minn. Stat. § 524.2-215(f).<br />

15 Minn. Stat. § 524.2-214.<br />

7

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